Wednesday, September 15, the U.S. Census Bureau announced that housing permits and starts for August were up from July. This is great news for building material supply businesses in Georgia:
Housing Starts in U.S. Climb to Nine-Month High
Sept. 17 (Bloomberg) -- Builders in the U.S. broke ground in August on the most houses in nine months, led by a jump in multifamily dwellings that overshadowed a decrease in construction of single-family homes.
In a related story, the Bureau of Labor Statistics released its producer price index for residential construction:
A Bright Spot in Housing: Construction Costs
Yesterday the Bureau of Labor Statistics released its producer price index for residential construction. Its significant increase from July to August is a good sign for the housing market.
One major component of construciton costs continues to falter:
CME lumber ends lower on easier cash market
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